RedEnvelope Reports On Valentine's Day Fulfillment Execution
February 25 2004 - 6:30AM
PR Newswire (US)
RedEnvelope Reports On Valentine's Day Fulfillment Execution SAN
FRANCISCO, Feb. 25 /PRNewswire-FirstCall/ -- RedEnvelope, Inc. ,
the premier multi-channel gift retailer, reported on the
performance of its Valentine's Day fulfillment execution. On the
Company's peak business day, it processed orders with a 99.9%
accuracy rate, based on the Company's outbound quality control
sampling. That day's volume represented approximately 80% of a peak
day's volume during the 2003 Holiday season. During the 2004
Valentine's Day season, product personalization continued to be a
strong gifting category, and the Company reported that it was able
to extend the ordering deadline for personalized products by three
extra days. In addition, RedEnvelope was successful in allowing
customers to shop until 5:00 p.m. (ET) on February 13 within its
Express Gifts Collection with guaranteed Saturday delivery for
Valentine's Day. Since the 2003 Holiday season, the Company has
worked to improve the performance of its distribution center. Some
of the highlights include expedited personalization processing
time, improved product flow through the facility, and improved
processing time for both receiving and for returns. These
improvements allowed the Company to processat least 95% of orders
within eight hours of receipt and to ship every order within 24
hours during the peak business days leading up to Valentine's Day.
"I am especially pleased with the performance at our fulfillment
center this Valentine's Day, from the accuracy of the filled orders
to the presentation of the gifts," said Alison May, President and
Chief Executive Officer. "The implementation of our new warehouse
management system is proceeding according to schedule and should
further improve efficiencies. Additionally, we will be upgrading
our materials handling equipment, which we believe will complement
our new warehouse management system," she added. RedEnvelope, Inc.
is a multi-channel retailer of upscale gifts for every occasion,
every day. RedEnvelope offers a unique assortment of imaginative
gifts through its catalog and website, http://www.redenvelope.com/.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 that involve risks,
uncertainties and assumptions, including statements regarding
systems and process improvements we currently plan to undertake.
Our actual results and the timing of events could differ materially
from those anticipated in these forward-looking statements as a
result of several factors. Factors that could affect future
performance include, but are not limited to: unanticipated delays,
expenses or other difficulties in implementing software systems;
termination of existing marketing relationships or failure to
develop successful new marketing relationships; any significant
disruption of our operations due to network or systems failures or
disruptions, power outages, regulatory actions, natural disasters
or attacks; our limited operating history; difficulties encountered
in predicting consumer preferences, managing inventory levels or
gaining access to popular products; increased or more effective
competition from other retailers; difficulties encountered in
managing our growth; difficulties encountered in, or increased
costs of, fulfillment; increased costs for, or delays in the
receipt of, merchandise ordered by us; seasonality of the retail
business; increases in shipping, advertising or marketing costs;
lower-than-expected utilization of electronic commerce by
consumers; litigation that may have an adverse effect on our
financial results, product offerings or reputation; changes in key
management personnel; difficulties encountered in properly staffing
our operations or providing satisfactory customer service; changes
in government or regulatory requirements affecting e-commerce that
may restrict, or increase the cost of, our operations, and other
risk factors described in detail in our Prospectus dated September
24, 2003, and our Report on Form 10-Q for the period ended December
28, 2003, including, without limitation, those discussed under the
captions, "Risk Factors," "Business," "Management's Discussion and
Analysis of Financial Condition and Results of Operations," and
"Factors that May Affect Future Operating Results," both of which
documents are on file with the Securities and Exchange Commission
(the "SEC") and available at the SEC's website at
http://www.sec.gov/. These forward-looking statements are made only
as of the date of this press release, and RedEnvelope undertakes no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
NOTE: RedEnvelope and the RedEnvelope logo are registered
trademarks of RedEnvelope, Inc. MEDIA CONTACT: Astrid Stevenson
RedEnvelope 415-371-9100, ext. 293 INVESTOR CONTACT: Jordan
Goldstein Financial Dynamics 415-439-4500 DATASOURCE: RedEnvelope,
Inc. CONTACT: media, Astrid Stevenson of RedEnvelope,
+1-415-371-9100, ext. 293; or investors, Jordan Goldstein of
Financial Dynamics, +1-415-439-4500, for RedEnvelope Web site:
http://www.redenvelope.com/
Copyright
Redenvelope (NASDAQ:REDE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Redenvelope (NASDAQ:REDE)
Historical Stock Chart
From Jul 2023 to Jul 2024